"These reforms are a top priority and necessary to modernize and prepare Michigan for the health care market of the future," Sara Wurfel, spokeswoman for Snyder, told the Detroit News. Although he still must conduct a final review of the bills, he "does definitely intend to sign," she added.

Blue Cross, which is the largest insurer in Michigan, will begin transitioning to a nonprofit mutual company as soon as Snyder signs the legislation, and will complete the shift by January 2014, reportedMichigan Live.

"Blue Cross' transition process will be driven by our board and management working together," BCBSM President and CEO Daniel J. Loepp said Tuesday in a statement. "As a mutual, Blue Cross' nonprofit social mission will be sustained, as will our commitment to remain based in and focused on Michigan's needs."

Comments

Join 34,000+ InsidersSIGN UP FOR OURNEWSLETTER

FierceHealthPayer provides the latest news about the fast-changing and heavily regulated area of healthcare reimbursement. Join over 34,000 healthcare plan executives who get FierceHealthPayer via daily email. Sign up today!

THE LIBRARY: WEBINAR

Learn how you can use new machine intelligence techniques to keep up with the ever-changing fraud landscape and uncover fraud patterns that are often hidden in plain sight within your own data. Register today!

FierceHealthPayer provides the latest news about the fast-changing and heavily regulated area of healthcare reimbursement. Join over 34,000 healthcare plan executives who get FierceHealthPayer via daily email.